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handily. we begin with that breaking news right now. keith joins us with the latest developments on this widely respected public figure. >> unacceptable. that's how david petraeus described his behavior to the letter sent out at the workforce at the cia. he met with president obama yesterday to see if he would accept his eresignation a director. he showed extremely poor judgment by engaging in that affair. him and his wife were together 37 years and he said that type of behavior is unacceptable as a husband and a leader of the cia. he's held the position of director since congress confirmed him last september, prior to that he led u.s. forces in both iraq and afghanistan. petraeus said the president accepted his resignation this afternoon. the president issued a statement a short time ago that read "i am completely confident that the cia will continue to thrive and carry out its position. going forward my thoughts and prayers are with dave and holly petraeus who has done so much to help military families through her own work. i wish them the very best at this difficult time." he
elected us to focus on your jobs. not ours. >> reporter: the president and house speaker john boehner each are drawing a line in the sand over letting the bush era tax cuts expire for americans making more than $250,000 a year. >> instead of raising tax rates on the american people, accepting the damage it will do to our economy, let's start to actually solve the problem. >> reporter: the speaker wants a tax overhaul that raises money by cutti't hammer out a deal by year's end, the nation goes over the so-called fiscal cliff. taxes go up for everyone. an average of almost $3,500 per househo household. republicans say they want the president to address the real problem. >> and the real problem is uncontrolled entitlement spending, and a government that has grown massively. >> reporter: democrats say republicans are going to have to compromise. just like the president and his party did after getting walloped in the 2010 elections. >> we cut $900 billion in spending that we didn't like, painful to us. >> reporter: in washington, a high stakes search for middle ground. the president and the sp
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